The software development industry, clinical care, and the retail industry are just a few of the areas in which the U of M grads find work. The most highly represented industry among alumni is the health insurance industry. Median pay for those who graduated from the U of M amounts to about $66K.
After graduation, disparities in salary rise to the surface — males earn an average around $76K per year compared to females' approximately $60K.
In the U of M alumni professional community, Directors of Professional Services make the highest median pay ($110K), though Human Resources Directors ($98K), and IT Business Analysts ($91K) are close competitors. Data Analysts face rather mediocre compensation — average salaries are actually the lowest at $63K.
U of M alumni like Minneapolis so much that they tend to stick around after graduation, with just over two-fifths of grads staying on to find permanent employment. With a median salary of $92K, Seattle, Wash. represents the highest-paid city popular among U of M grads. On the flipside, the lowest-paying city popular among U of M grads is Plymouth, Minn. (median compensation is around $53K). Neighboring St. Paul, Minn. is another common pick among U of M grads, along with Denver, Colo.
With a median annual earnings of approximately $115K per year, former Golden Gophers who have a Master of Business Administration (MBA), Business Administration are the best paid among the alumni population. A B.A. in Political Science (PolySci) offers the lowest median annual financial reward ($38K).
For former Golden Gophers, proficiency in Strategic Planning warrants a paycheck that is 65 percent more than other alumni salaries. Just under a fifth of grads report using Project Management as part of their job, making it the most popular skill. In addition, those who are savvy in Engineering Design, Microsoft Office, and Microsoft Excel are also considered highly skilled.
Benefits and Perks
When it comes to paid time off, there is more lenience involving vacation than illness; half of the survey participants get vacation time, whereas just one-fourth of alumni get paid sick leave. Health insurance benefits extend to most alumni, and a strong majority of grads sign up for dental plans. Most respondents report contributing to a 401(k). Alumni of University of Minnesota also take in life insurance, a casual working environment, tuition reimbursement, and a company-subsidized cell phone.
Michigan State University graduates, who earn $66K on average, make a similar amount to U of M grads. Other schools similar to U of M include the University of Wisconsin-Madison, Iowa State University, and the University of Iowa.